SMRT STOCK!

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SMRT STOCK!

Post  ponyboy on Mon May 07, 2012 10:26 am

Hey guys check out SMRT.SI stock. The prices have been going down

http://www.reuters.com/finance/stocks/overview?symbol=SMRT.SI

MAY1
OCBC Investment Research has cut its target price for property developer CapitaLand Ltd to S$3.21 from S$3.40 and kept its buy rating, citing lower average selling prices for its residential developments.

CapitaLand shares fell 0.3 percent to S$2.93, but have gained 33 percent since the start of the year.

CapitaLand, Southeast Asia's largest property developer, on Monday reported a 31 percent climb in first-quarter net profit to S$133.2 million ($107.8 million), helped by higher operating income and larger portfolio gains.

Poor sales from its residential units in China continued to weigh on CapitaLand's overall sales in the first quarter, OCBC said. The company sold only 189 units in China in January-March.

However, broking house Maybank Kim Eng said in a report that CapitaLand may benefit from some policy loosening in tier 2 and 3 cities in China, and raised its target price to S$4.00 from S$3.96.

A loosening could help developers maintain strong contracted sales momentum into the middle of the year, and sales could recover strongly in May, said Kim Eng, which kept its buy rating.

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1011 (0211 GMT)

(Reporting by Charmian Kok in Singapore; charmian.kok@thomsonreuters.com)

************************************************************

09:55 STOCKS NEWS SINGAPORE-SMRT falls as brokers cut ratings

Shares of train operator SMRT Corp Ltd fell as much as 3 percent to a 29-month low, after it posted a sharp fall in quarterly earnings and reduced its final dividend, prompting several brokers to cut their ratings on the stock.

SMRT reported on Monday a 59 percent drop in fourth quarter net profit to S$13.9 million ($11.2 million), and declared a reduced final dividend of 5.70 Singapore cents compared with 6.75 cents a year ago.

SMRT shares fell 1.8 percent to S$1.65 with more than 1.1 million shares changing hands in early trade, compared to its average daily volume of 3.2 million shares over the last five sessions.

CIMB Research cut its target price for SMRT to S$1.50 from S$1.55 and maintained its underperform rating, citing higher operating expenses and a cut in dividend.

"Plagued by margin erosion and cash flow strains, we see no reason to own this stock. Further, dividend yields are no longer attractive," said CIMB in a report.

The broker added that SMRT's plans for asset renewal will result in higher capital expenditure, while mandates for more stringent repairs and maintenance will elevate its cost structure permanently, eating into profits.

JPMorgan downgraded SMRT to neutral from overweight and cut its target price to S$1.60 from S$2.00.

OCBC Investment Research also downgraded SMRT to hold from buy and lowered its target price to S$1.71 from S$2.04, citing weaker-than-expected earnings for 2012.

It estimated that SMRT's capital expenditure in 2013 will rise to S$500 million due to higher expenses needed for upgrading its assets.

For related statement click

0942 (0142 GMT)

(Reporting by Charmian Kok in Singapore; charmian.kok@thomsonreuters.com)





MAY2

Shares of train operator SMRT Corp Ltd fell as much as 3 percent to a 29-month low, after it posted a sharp fall in quarterly earnings and reduced its final dividend, prompting several brokers to cut their ratings on the stock.

SMRT reported on Monday a 59 percent drop in fourth quarter net profit to S$13.9 million ($11.2 million), and declared a reduced final dividend of 5.70 Singapore cents compared with 6.75 cents a year ago.

SMRT shares fell 1.8 percent to S$1.65 with more than 1.1 million shares changing hands in early trade, compared to its average daily volume of 3.2 million shares over the last five sessions.

CIMB Research cut its target price for SMRT to S$1.50 from S$1.55 and maintained its underperform rating, citing higher operating expenses and a cut in dividend.

"Plagued by margin erosion and cash flow strains, we see no reason to own this stock. Further, dividend yields are no longer attractive," said CIMB in a report.

The broker added that SMRT's plans for asset renewal will result in higher capital expenditure, while mandates for more stringent repairs and maintenance will elevate its cost structure permanently, eating into profits.

JPMorgan downgraded SMRT to neutral from overweight and cut its target price to S$1.60 from S$2.00.

OCBC Investment Research also downgraded SMRT to hold from buy and lowered its target price to S$1.71 from S$2.04, citing weaker-than-expected earnings for 2012.

It estimated that SMRT's capital expenditure in 2013 will rise to S$500 million due to higher expenses needed for upgrading its assets.

For related statement click

0942 (0142 GMT)

(Reporting by Charmian Kok in Singapore; charmian.kok@thomsonreuters.com)

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Re: SMRT STOCK!

Post  BlueBlur on Mon May 07, 2012 10:40 am

Good sharing there !

This is an example of potential stocks that we can look into. Usually when bad news are reported regarding a certain company, people always overreacted. This may be a case of SMRT shareholders overreacting to its bad news. SMRT is a potential company as it has monopoly over the market. There are no other transport company providing train services. So in the longer run SMRT do stand a very high chance getting its revenue up back to normal.



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Re: SMRT STOCK!

Post  ponyboy on Mon May 07, 2012 12:30 pm

I AM KUKUJIAO
cheers

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